Global-e Online (NASDAQ:GLBE) CEO Amir Schlachet Sells 24,999 Shares

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 24,999 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $41.23, for a total transaction of $1,030,708.77. Following the transaction, the chief executive officer owned 4,066,730 shares in the company, valued at approximately $167,671,277.90. This trade represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Amir Schlachet also recently made the following trade(s):

• On Friday, June 26th, Amir Schlachet sold 58,331 shares of Global-e Online stock. The shares were sold at an average price of $36.21, for a total transaction of $2,112,165.51.
• On Thursday, July 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $37.09, for a total transaction of $927,212.91.
• On Tuesday, June 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $32.18, for a total transaction of $536,311.88.
• On Monday, June 1st, Amir Schlachet sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $33.58, for a total transaction of $279,822.14.
• On Tuesday, June 2nd, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.34, for a total transaction of $555,644.44.
• On Tuesday, May 19th, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $29.00, for a total transaction of $241,657.00.
• On Thursday, May 7th, Amir Schlachet sold 6,194 shares of Global-e Online stock. The stock was sold at an average price of $32.45, for a total value of $200,995.30.

Global-e Online Stock Performance

Global-e Online stock traded up $0.01 during mid-day trading on Wednesday, reaching $41.55. 685,339 shares of the company were exchanged, compared to its average volume of 1,566,645. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $42.38. The firm’s 50-day simple moving average is $35.26 and its two-hundred day simple moving average is $33.76. The firm has a market cap of $7.05 billion, a PE ratio of 63.80 and a beta of 1.03.

Institutional Investors Weigh In On Global-e Online

A number of hedge funds and other institutional investors have recently bought and sold shares of GLBE. Wasatch Advisors LP grew its stake in shares of Global-e Online by 28.1% during the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock worth $287,397,000 after purchasing an additional 1,816,606 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Global-e Online by 68.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after purchasing an additional 2,387,242 shares during the period. Contour Asset Management LLC lifted its stake in shares of Global-e Online by 4.6% in the fourth quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock valued at $190,342,000 after purchasing an additional 211,034 shares during the period. Arohi Asset Management PTE Ltd. boosted its holdings in Global-e Online by 0.6% during the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock worth $148,604,000 after buying an additional 23,213 shares in the last quarter. Finally, Brown Capital Management LLC grew its position in Global-e Online by 0.6% during the fourth quarter. Brown Capital Management LLC now owns 2,404,856 shares of the company’s stock worth $94,535,000 after buying an additional 15,014 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GLBE shares. Needham & Company LLC reaffirmed a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Morgan Stanley cut their price objective on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Wall Street Zen cut shares of Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $40.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Thirteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.83.

About Global-e Online

Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.